Kratos Defense & Security Solutions (NASDAQ:KTOS) CFO Sells $456,400.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna Lund sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $91.28, for a total transaction of $456,400.00. Following the sale, the chief financial officer directly owned 270,058 shares of the company’s stock, valued at approximately $24,650,894.24. This trade represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kratos Defense & Security Solutions Stock Up 0.2%

NASDAQ KTOS traded up $0.18 on Wednesday, hitting $89.13. 3,327,380 shares of the company were exchanged, compared to its average volume of 4,619,712. The company has a current ratio of 4.06, a quick ratio of 3.46 and a debt-to-equity ratio of 0.05. The company has a market cap of $15.18 billion, a PE ratio of 685.67 and a beta of 1.12. The stock has a fifty day moving average of $98.63 and a 200-day moving average of $85.60. Kratos Defense & Security Solutions, Inc. has a 12 month low of $25.78 and a 12 month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Monday, February 23rd. The aerospace company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. The firm had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share. As a group, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

KTOS has been the subject of several recent research reports. KeyCorp boosted their price objective on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, January 22nd. Noble Financial restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, January 20th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, November 6th. Finally, Stifel Nicolaus boosted their target price on shares of Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.28.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently modified their holdings of KTOS. Alliancebernstein L.P. grew its stake in Kratos Defense & Security Solutions by 1,389.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock valued at $247,409,000 after purchasing an additional 2,525,921 shares during the period. Rovida Advisors Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter worth about $82,315,000. Corient Private Wealth LLC grew its position in Kratos Defense & Security Solutions by 7,701.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,593,549 shares of the aerospace company’s stock valued at $120,966,000 after buying an additional 1,573,123 shares during the period. Norges Bank bought a new position in Kratos Defense & Security Solutions during the fourth quarter valued at about $104,807,000. Finally, Franklin Resources Inc. increased its holdings in Kratos Defense & Security Solutions by 29.6% during the second quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock worth $236,268,000 after buying an additional 1,162,577 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.